1X Short Exchange Token Index Token (FTX: EXCHHEDGEUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EXCHHEDGE began a red wave A (blue sub-waves a-b-c) advance on February 16. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on April 7. If this wave count is correct, EXCHHEDGE should be heading next towards the March 13 peak in the red wave C.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
1X Short Exchange Token Index Token (EXCHHEDGE) is an ERC20 token which seeks a return that corresponds to -1 times the daily return of Exchange Token Index.
(Sources: https://ftx.com/tokens/EXCHHEDGE)
How Will EXCHHEDGE Trade?
1X Short Exchange Token Index Token (FTX: EXCHHEDGEUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
EXCHHEDGE will takeout the March 13 peak
EXCHHEDGE will drop below the February 16 low
EXCHHEDGE will stay in a trading range between the February 16 low and the March 13 peak until May 19
Posted via Steemleo